PM directs boosting support for enterprise development

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has
issued a directive, requesting strong enforcement of Resolution No. 35/NQ-CP dated
May 16, 2016 on enterprise development policy to 2020 in the spirit of the
Government accompanying enterprises.

The PM requested ministries, sectors, and localities to devise
comprehensive and drastic measures to implement their tasks.

He ordered the Ministry of Planning and Investment to continue
organising training courses to help small- and medium-sized enterprises enhance
the management capability and financial transparency, thus gaining better access
to credit.

The PM also urged revision of Decree 78/2015/ND-CP dated
September 14, 2015 on enterprise registration to reduce business starting cost,
and submit to the Government for approval in 2018.

The Finance Ministry was tasked with drafting revisions to
the laws on taxation, quickly removing tax-related problems and proposing
simplified tax and accounting procedures for small-sized businesses.

The ministry was also told to build a decree on the use of
e-invoice, publish the list of 1,000 biggest corporate tax payers of Vietnam,
and research revisions to the Securities Law to facilitate indirect foreign
investment.

The directive requested the Ministry of Natural Resources and
Environment to review all regulations on land revocation, ground clearance, land
renting, land-use change, land pricing, and land access for small- and
medium-sized enterprises.

The Ministry of Justice was instructed to enhance its
appraisal of legal documents in line with the Law on Promulgation of Legal
Documents 2015 to ensure that the promulgation of regulations on business
investment conditions and administrative procedures is in line with authority,
and the regulations are truly necessary, rational, transparent and feasible.

The Ministry of Transport was asked to issue instruction on
reviewing investment costs of Build-operation-transfer (BOT) projects and
monitor the collection of tolls to determine the period of time and amount of
fee collection; addressing shortcomings in operation, location and toll
collection of BOT transport projects; and installing automatic toll collection
technology at all toll stations across the country.

The Ministry of Science and Technology needs to accelerate
measures to help enterprises modernise their technology and enhance their
science-technology application via the national programme on science and
technology. The ministry was also required to intensify the intellectual
property development programme period 2016-2020, thus accelerating
intellectual property registration, and announcing norms and standards for local
innovative products.

The Ministry of Education and Training was tasked with
trimming administrative procedures in granting investment licences in the
sector to encourage investment in universities. It was also instructed to early
submit to the Government a decree on autonomy of public universities.

The directive required ministries, sectors and localities to
increase their dialogues with enterprises, while the Vietnam Chamber of
Commerce and Industry was asked to further boost the campaign “Vietnamese
products conquer Vietnamese.”-VNA